2020-07-13T15:38:38-07:00 2019-07-31 990 2018-08-01 310707369 FRANKLIN UNIVERSITY FRAN 6149476002 201 South Grant Avenue Columbus OH 432155399 Marv Briskey Treasurer/CFO 6149476002 2020-07-13 45.21.162.222 2018 2020-09-22 18:59:49Z Dr David Decker 201 South Grant Avenue Columbus OH 432155399 153625792 0 X www.franklin.edu X 1964 OH Franklin University and its branch campus Urbana University are student-centered, nonprofit, independent institutions providing high quality, relevant education to enable the broadest possible community of learners to achieve their goals and enrich the world. 21 21 1267 21 0 0 1594462 2627491 67075971 66743207 8084986 4273643 398160 162141 77153579 73806482 6526491 7967944 0 0 45700105 49977024 27140 34000 199924 20856427 19856323 73110163 77835291 4043416 -4028809 145395541 143652888 29266494 28661526 116129047 114991362 Since 1902, Franklin University has been a pioneer in meeting the needs of adult students who have the ambition to continue their education in combination with other responsibilities, receiving its status as a tax exempt organization in 1964. Franklin University expanded its offerings in 2014 to meet the needs of traditional students through Urbana University. As a learner-centered institution of higher education, the four cornerstones of the Franklin educational philosophy are (a) Ensuring academic quality (b) Providing equal access to educational opportunities (c) Adapting to the needs of students (d) Responding to changes in society, professions, and the business community. Franklin and Urbana continuously seek and appreciate strategic partner relationships that support our learning environment and experience of our students. Investments from strategic partners may include contributions for student scholarships as well as contributions to enhance program offerings, facilities, and 0 0 48630594 2848885 53290971 Franklin University served 6,420 unique students in the 2018-19 Academic Year, granting 62 Associate's degrees, 932 Bachelor's degrees, 513 Master's degrees, 2 Doctoral degrees, 14 graduate certificates and 1 undergraduate certificate. Franklin has a total of 100 academic program offerings (86 undergraduate, 9 graduate, 3 doctorate, and 2 graduate certificates). Globally, Franklin offers its MBA and undergraduate programs to students through international partnerships. 17054764 5119059 13528289 Urbana University served 1,770 unique students in the 2018-19 Academic Year, granting 67 Bachelor's degrees, 45 Master's degrees and 2 postgraduate certificates. Urbana University has 24 undergraduate programs (21 bachelors and 3 associates) and 3 graduate programs. Additionally, Urbana offers 1 undergraduate certificate program, 4 post baccalaureate education programs, and 2 graduate certificate programs. 774751 0 261540 The Franklin University mission includes providing high quality, relevant education to enable the broadest possible community of learners to achieve their goals and enrich the world. To further this goal, Franklin offers program design and development services to higher education institutions seeking to expand and improve the quality of their own program offerings. 0 0 0 66460109 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6187 0 1 1267 1 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Dr Marv Briskey 6149476002 201 South Grant Avenue Columbus OH 432155399 Clarke Price Board Chair 2 0 X X 0 0 0 Bruce Hagen Immediate Past Chair 2 0 X X 0 0 0 Melissa Gutierrez Vice Chair 2 0 X X 0 0 0 Carl Johnson Secretary 2 0 X X 0 0 0 Jack Cartner Trustee 2 0 X 0 0 0 Jamie Crane Trustee 2 0 X 0 0 0 Mary Duchi Trustee 2 0 X 0 0 0 Phil Fankhauser Trustee 2 0 X 0 0 0 Gary Flynn Trustee 2 0 X 0 0 0 Ted Ford Trustee 2 0 X 0 0 0 Anthony Gonsalves Trustee 2 0 X 0 0 0 Eugene Griffin Trustee 2 0 X 0 0 0 Gary James Trustee 2 0 X 0 0 0 Floyd Jones Trustee 2 0 X 0 0 0 Greg Lashutka Trustee 2 0 X 0 0 0 Stan Partlow Trustee 2 0 X 0 0 0 Peter Roche Trustee 2 0 X 0 0 0 Ralph Sanese Trustee 2 0 X 0 0 0 Pam Springer Trustee 2 0 X 0 0 0 David Stone Trustee 2 0 X 0 0 0 Carole Watkins Trustee 2 0 X 0 0 0 Dr David R Decker President 55 0 X 758236 0 46969 Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 50 0 X 280363 0 39963 Dr Christopher Washington Provost and SVP-Academic Affairs 50 0 X 313312 0 46969 Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 40 0 X 326817 0 46969 Christi Cabungcal Chief of Staff & SVP Administration 40 0 X 281174 0 40846 Rick Sunderman SVP and Chief Information Officer 40 0 X 276290 0 46969 Linda Steele VP Enrollment and Student Affairs 32 0 X 152408 0 27731 Evelyn Levino VP-Planning and University Services 40 0 X 192662 0 39034 Dr Patrick Bennett VP Operations, Franklin Learning Solutions 40 0 X 210697 0 41060 Randolph Snyder VP-Financial Services 40 0 X 190480 0 37276 Bill Chan VP-Strategic Alliances 40 0 X 225027 0 26099 Dr Ayegbeni Igonor Dean, Ross College of Business 40 0 X 165362 0 36084 Dr Lynnette Hull VP-Student Affairs 40 0 X 177618 0 17000 Dr Wendell Seaborne Dean, Doctoral Studies & Academic Research 40 0 X 167498 0 23804 3717944 0 516773 84 0 1 0 Google Inc 1600 Amphitheater Parkway Mountain View CA 94043 Advertising 1233849 Advantage Media & Digital LLC 167 S State Street Unit 190 Westerville OH 43081 Advertising 797188 Howell Buildings Company 8075 Runkle Road Saint Paris OH 43072 Construction 721134 WFF Facility Services 211 South Jefferson Ave St Louis MO 63103 Outsourced janitorial services 528427 Facebook Inc 1601 Willow Rd Menlo Park CA 94025 Digital Advertising 269923 20 0 0 0 0 1935934 691557 1000 2627491 Tuition and fees - Franklin University 611310 52183117 52183117 0 0 Tuition and fees - Urbana University 611310 11149510 11149510 0 0 Program development 611310 261540 261540 0 0 Auxillary revenue 611310 2450762 2450762 0 0 698278 698278 0 0 66743207 2427989 0 0 2427989 0 0 0 0 0 0 0 0 756579 0 670491 0 86088 0 86088 0 0 86088 80994473 0 79148819 0 1845654 0 1845654 0 0 1845654 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 76053 76053 0 0 76053 73806482 66819260 0 4359731 0 0 7967944 7967944 0 0 0 0 3174789 2239889 934900 0 0 0 0 0 35540128 30267296 5190059 82773 2628200 2214757 409268 4175 5827745 5000814 810239 16692 2806162 2392445 406966 6751 0 0 0 0 107754 0 107754 0 108587 0 108587 0 0 0 0 0 34000 34000 447218 0 447218 0 2237824 1946569 282670 8585 4041285 4041285 0 0 1000839 877096 119364 4379 1984115 1688242 291376 4497 0 0 0 0 2477961 1792278 671667 14016 657991 560943 95468 1580 0 0 0 0 208587 175222 33079 286 358794 0 358794 0 0 0 0 0 3013561 2196096 800556 16909 465993 423782 38897 3314 Bad Debt Expense 100148 100148 0 0 Food Services 1057579 1057579 0 0 Library 275190 275190 0 0 Athletics 779576 779576 0 0 533321 462958 68396 1967 77835291 66460109 11175258 199924 5601770 1505814 0 0 258697 119680 1902775 4063234 0 0 0 0 837043 0 0 0 1111853 967763 77434721 41296277 36277065 36138444 86405157 88165846 4420447 6272547 0 0 0 0 8580734 6419560 145395541 143652888 8451248 8422607 0 0 1808101 3428304 17142580 15781473 599912 650974 0 0 0 0 0 0 1264653 378168 29266494 28661526 X 109772027 108080958 2979222 3483673 3377798 3426731 116129047 114991362 145395541 143652888 -4028809 2891124 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 6784788 42625 468055 62000 0 0 7233468 6380843 100 445045 41200 0 0 6784788 5679559 108775 621959 29450 0 0 6380843 5498453 4250 237106 60250 0 0 5679559 5349184 199803 -17430 33104 0 0 5498453 0.189 0.337 0.474 1 0 655421 5527857 6183278 3824696 44184254 24597186 23411764 0 1007615 867749 139866 0 20693389 14315290 6378099 0 1541489 1516052 25437 36138444 0 Payable to Urbana Foundation 378168 378168 X 70717928 2891124 0 0 669189 3560313 67157615 447218 6201649 6648867 73806482 71856915 0 0 0 670491 670491 71186424 447218 6201649 6648867 77835291 Schedule D, Part IV, Line 2b Custodial accounts include funds held on behalf of the various Urbana University on-campus student organizations, and funds held in a charitable remainder trust. Schedule D, Part V, Line 4 Virtually all endowment funds are either for the support of scholarships or the Franklin University Leadership Center. Schedule D, Part X, Line 2 Generally accepted accounting principles prescribe recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits will be recognized only if a tax position is more-likely-than-not sustained in a tax examination, with a tax examination presumed to occur. The amount recognized will be the largest amount of tax benefit that is greater than 50% likely being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at July 31, 2019 or 2018. The University would recognize interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties for the years ended July 31, 2019 and 2018. The University is no longer subject to examination by taxing authorities for years before 2015. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Schedule D, Part XI, Line 2d Rental expenses netted against rental income on Part VIII. Schedule D, Part XI, Line 4b Scholarships netted against tuition and fees for the audited financial statements and rental expenses netted against rent income for Part VIII. Schedule D, Part XII, Line 2d Rental expenses netted against rental income on Part VIII. Schedule D, Part XII, Line 4b Scholarships netted against tuition and fees for the audited financial statements. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 As the University draws students from across the country, it satisfies the requirement by including a statement of the University's nondiscriminatory policy in brochures, catalogs and other written communications in addition to its web site. Schedule E, Part I, Line 6 The University receives significant amounts of financial aid from Federal and state agencies. These funds represent financial aid for students attending the University to assist them with tuition costs, books, fees and living expenses. Any financial aid that is not applied to payments of amounts due the University are passed on to the student. Middle East and North Africa 0 2 Program Services Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with a university in Oman. This MBA program is identical in outcomes and instruction to the domestic based MBA program offered and delivered by Franklin to students in the United States. Franklin University has entered into an agreement to provide online curriculum development, adjunct teaching services, and program installation services to universities in Saudi Arabia. The services provided are identical to the activities performed by Franklin in developing its own curriculum to students in the United States. 491739 East Asia and the Pacific 0 1 Program Services Franklin University offers and delivers undergraduate and graduate programs in partnership with a university in South Korea. These programs are identical in outcomes and instruction to the domestic based programs offered and delivered by Franklin to students in the United States. 329854 Europe (including Iceland and Greenland) 0 1 Program Services Franklin University offers and delivers Masters of Business Administration (MBA) in partnership with universities in Poland and Serbia. These MBA programs are identical in outcomes and instruction to the domestic based MBA program offered and delivered by Franklin to students in the United States. 78845 Central America and the Caribbean 0 1 Program Services Franklin University has entered into an agreement with a university in Guatemala to review and evaluate its programs. The services provided are identical to the activities performed by Franklin University in reviewing its own curriculum and programs for delivery to students in the United States. Franklin University offers and deliveries Masters of Science in Business Psychology (MSBP) in partnership with universities in Trinidad and Tobago. This MSBP program is identical in outcomes and instruction to the domestic based MSBP program offered and delivered by Franklin to students in the United States. 26780 0 5 927218 0 0 0 0 0 0 X X X X X X 1 Bennett Direct Inc 324 East Wisconsin Avenue Milwaukee WI 53202 Bennett Direct, Inc. is an unrelated third party that assists Franklin University with its annual Phone-a-thon by providing campaign consultation, design, implementation, script development and messaging, daily reports, and a comprehensive final report at the end of the project. 0 22660 34000 -11340 22660 34000 -11340 AZ CA IN KS MI MN MT NC NY OH OR PA TN TX WI WV 1 Scholarships - Franklin 254 377756 0 N/A N/A Student Educational Opportunity Grant - Franklin & Urbana 570 457339 0 N/A N/A Tuition discount and exchange program - Franklin & Urbana 1530 1817875 0 N/A N/A Federal Work Study - Franklin & Urbana 95 208462 0 N/A N/A Scholarships - Urbana 579 5343355 0 N/A N/A Schedule I, Part I, Line 2 The University has numerous procedures to ensure students qualify for scholarships and other assistance both at the time of the award and subsequent thereto. These procedures ensure compliance with applicable Federal and state regulations, stipulations and scholarship criteria and University policies for awards made by the University. X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 Dr David R Decker President 469483 0 278786 0 9967 0 27500 0 19469 0 805205 0 0 0 Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 215989 0 66258 0 -1884 0 27500 0 12463 0 320326 0 0 0 Dr Christopher Washington Provost and SVP-Academic Affairs 237559 0 72884 0 2869 0 27500 0 19469 0 360281 0 0 0 Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 237559 0 92884 0 -3626 0 27500 0 19469 0 373786 0 0 0 Christi Cabungcal Chief of Staff & SVP Administration 215962 0 66258 0 -1046 0 27500 0 13346 0 322020 0 0 0 Rick Sunderman SVP and Chief Information Officer 215962 0 64377 0 -4049 0 27500 0 19469 0 323259 0 0 0 Linda Steele VP Enrollment and Student Affairs 108663 0 43214 0 531 0 15188 0 12543 0 180139 0 0 0 Dr Patrick Bennett VP Operations, Franklin Learning Solutions 178757 0 37152 0 -5212 0 21591 0 19469 0 251757 0 0 0 Evelyn Levino VP-Planning and University Services 165424 0 31106 0 -3868 0 19653 0 19381 0 231696 0 0 0 Bill Chan VP-Strategic Alliances 172296 0 52861 0 -130 0 22516 0 3583 0 251126 0 0 0 Dr Ayegbeni Igonor Dean, Ross College of Business 147896 0 23928 0 -6462 0 16615 0 19469 0 201446 0 0 0 Randolph Snyder VP-Financial Services 165424 0 28657 0 -3600 0 19408 0 17867 0 227756 0 0 0 Dr Lynnette Hull VP-Student Affairs 134410 0 27935 0 15273 0 16235 0 765 0 194618 0 0 0 Dr Wendell Seaborne Dean, Doctoral Studies & Academic Research 148125 0 21044 0 -1671 0 15123 0 8681 0 191302 0 0 0 Schedule J, Part I, Line 1a Pursuant to his employment agreement, Dr. Decker receives a monthly housing allowance, treated as taxable compensation, and membership in a dinner/fitness club, not treated as taxable compensation. Schedule J, Part I, Line 7 Bonuses are paid depending on the achievement of various performance criteria. The Board of Trustees determines the bonus of the President. A Ohio Higher Educational Facility Commission 346849674 000000000 2010-01-01 5000000 Renovation of various buildings and purchase of tech. equip. 0 0 0 B Ohio Higher Educational Facility Commission 346849674 000000000 2016-02-24 18000000 Bond refunding, renovation of various buildings, purchase IT equipment 0 0 0 A 4696990 0 5000000 0 0 0 78573 0 0 4921427 0 0 2010 0 0 1 1 B 2522415 0 18000000 0 0 0 157700 0 0 12137404 0 0 2016 1 0 0 1 A 0 0 0 0 0 0 0 1 0 1 B 0 0 0 0 0 0 0 1 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 Form 990, Part VI, Section B, Line 11b Upon completion of the Form 990 and all supporting schedules ("the return") by the Director of Accounting, the return was first reviewed by the Chief Financial Officer and the University President, with consultation of tax experts where considered necessary. The return was then provided to the Chairman and Vice Chairman of the Board of Trustees and the Chair of the Finance Committee for their review. Questions from this review were addressed as appropriate with any necessary changes made to the Form 990. Form 990, Part VI, Section B, Line 12c Each year a copy of the University's Employee Ethics (Conflict of Interest) Policy is provided to each Trustee, the President and other officers of the University, along with a questionnaire related to the policy. Responses to the questionnaire, which are summarized for review by the President of the University, will identify any potential conflicts of interest. Should business come before the Board or Committee thereof that presents a potential conflict, the affected Board member would be asked to abstain from any Board action on that business. Form 990, Part VI, Section B, Line 15 A compensation review, as prepared by an independent compensation consulting firm ("the consultants"), was conducted in fiscal year 2016-17 on the President of the University. A thorough examination of external documented pay data (published surveys and 990 filings) for comparable positions at peer institutions (as mutually agreed upon by Franklin University and the consultants) was conducted. Compensation levels were reviewed for market competitiveness and reasonableness and were compared for all components of pay including cash compensation, benefits and perquisites. In preparation for such reviews, the consultants interviewed the President and a number of members of the Board of Trustees to gain perspective on the University's work environment, mission, pay philosophies and pay program effectiveness as well as the President's duties. The results included individual market reports as well as an aggregate perspective. The Compensation Committee of the Board of Trustees approved the resulting reviews and compensation levels of the President, which was then ultimately approved in July of 2017 by the full Board. Additionally the Compensation Committee implemented a new policy around the review of all changes to executive compensation, including COLA adjustment, incentive payments and any increases to pay or benefits prior to such changes taking place. This policy covered all senior employees (earning over $100,000), including individuals not reporting directly to the President. All such actions are reflected in the minutes of the Compensation Committee. Any compensation changes made are relative to an independent market review. Form 990, Part VI, Section C, Line 19 Form 990, Part VI, Section C, Line 19 - Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time.